On September 12, Vandelay Company sold merchandise in the amount of $5,800 to Jepson Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Vandelay uses the periodic inventory system and the gross method of accounting for sales. On September 14, Jepson returns some of the non-defective merchandise, which is restored to inventory. The selling price of the returned merchandise is $500 and the cost of the merchandise returned is $350. The entry or entries that Vandelay must make on September 14 is (are):

Multiple Choice

Account Title	Debit	Credit
Sales Returns and Allowances	350
Accounts Receivable		350

Account Title	Debit	Credit
Sales Returns and Allowances	500
Accounts Receivable		500
Merchandise Inventory	350
Cost of Goods Sold		350

Account Title	Debit	Credit
Sales Returns and Allowances	500
Accounts Receivable		500

Account Title	Debit	Credit
Accounts Receivable	500
Sales Returns and Allowances		500
Cost of Goods Sold	350
Merchandise Inventory		350

Account Title	Debit	Credit
Accounts Receivable	500
Sales Returns and Allowances		500